Latest news

French Total discovered more gas in the North Sea

Norway’s energy regulator, the Norwegian Petroleum Directorate (NPD), said the subsidiary of the French giant Total found more gas while drilling a wildcat well in northeast part of the Martin Linge field, in the North Sea.

read more... 18/10/2016


Daily: Prompt British gas prices gain ground as imports from Netherlands and Norway fell

Crude oil prices declined about 1 percent on Friday as investors took some profits after a good week in a context of persistent questions about the attitude of OPEC and Russia. Brent crude lost 58 cents, or 1.1 percent, to settle at $51.93 a barrel. U.S. West Texas Intermediate (WTI) crude declined 63 cents, or 1.3 percent, to close at $49.81.

read more... 10/10/2016


Construction starts at NordLink power interconnection between Norway and Germany

TenneT Holding BV, Statnett SF and KfW celebrated the start of construction of the 1.4 GW NordLink subsea cable project, the first direct link between the Norwegian and German energy markets.

read more... 20/09/2016


Statoil acquires Tullow Oil stakes off Norway

Norway's Statoil ASA declared on Tuesday it had settled with the U.K.'s Tullow Oil PLC to buy stakes in four oil drilling licenses off Norway, counting a 20% stake in the Wisting finding in the Barents Sea, at an unrevealed price.

read more... 06/09/2016


Statoil to reduce costs and raise output at Johan Sverdrup oil field

Norway’s Statoil ASA has announced on Monday that it had dropped billions of dollars planned for the start-up of its giant Johan Sverdrup oil field by about 20%. In addition, the company has also raised the estimated initial output by 16% after intensifying drilling and streamlining operations.

read more... 30/08/2016